When Christmas rolls around Santa's busy in his shop 

Managing his elves and trying to cut costs 

His plant is out of date it needs modernization 

He has quite a large debt accumulation 





Elves are expensive, they do not come cheap 

And you would not believe the bills for the heat 

Santa stands to lose everything he owns 

If he defaults on yet another of his loans 





Things are looking bad for Santa 

He can slip down chimneys but he can't balance accounts 

Things are looking bad for Santa 

If he wrote a cheque it probably would bounce 





He hires an accountant to come and advise 

The accountant says that he has been unwise 

Cuz even if the costs were cut down drastically 

It's still hard to make money giving things away for free 





Santa Claus decides to wipe the slate clean 

He lays off half the elves and buys mordern machines 

Then he auctions off all unnecessary stock 

He gets a lot for Rudolf from Ripley's believe it or not 





Things are looking bad for Santa 

He's made all sorts of changes but it hasn't fixed a thing 

Things are looking bad for Santa 

Misses Claus has left him and the elves are picketing 





Hey! Hey! Ho! Ho! The big fat pig has got to go! 

Hey! Hey! Ho! Ho! The big fat pig has got to go! 





Santa's had enough he locks the elves outside 

He butchers all the reindeer and sells off all their hides 

He sells his shop to Disney and leaves the north pole 

To go find cheaper labour down in Mexico